US Economy in the 1920s: Boom, Bust, and Depression
The Roaring Twenties
The role of the U.S. accelerated the growth of industrial production, accompanied by a profound change in the structure of its economy. The increase generated a growing surplus in its trade balance.
Economic Growth
The U.S. economic expansion was due to changing production dominated by technical innovation and changes in work organization.
There was also a high turnover in the energy sector, with an increase in electricity and oil.
Other sectors were consolidated that stimulated
Read MoreSpanish Public Budget: Phases, Principles, and Fiscal Balance
The development of the General State Budget (PGE) in Spain follows four key phases:
Preparation
In Spain, the budgeting process is the responsibility of the Government and the Ministry of Economy and Finance.
Discussion and Approval
Once developed, the budget proposals are presented to Parliament for approval.
Implementation
For implementation, the budget is separated into:
- Public Expenditure: The figures presented in the budgets are considered maximum and limiting.
- Revenues: These indicate the amounts
Economic Policy and Banking: Objectives and Functions
Economic Policy
Economic policy refers to the interference of government in the economic affairs of a country in order to achieve certain aims and objectives. These are provided by the public authorities and are based on constitutional principles and social preferences.
Aims
- Material well-being: Elevation of the overall standard of living for citizens.
- Equity: Equality before the law and the basic conditions of development.
- Peace and security: Defense against possible attacks.
- International agreements
Stock Market Indices and Monetary Policy: Understanding the Basics
Individual Stock Market Indices
Individual stock market indices in each bag define a general index that measures the performance of a representative set of values. When each session finishes, the overall index indicates whether purchases or sales have prevailed. In Spain, the stock index is the IBEX-35, which represents the 35 largest companies listed on Spanish stock exchanges.
The Stock Market
The stock market is a public service whose function is to facilitate the various negotiations of the values
Read MoreSustainable Development Goal 3: Good Health and Well-being
Differences Between Rationale and Objectives of SDGs
Rationale explains why the SDGs were created. Progress in all areas was uneven across regions and countries, leaving millions of people behind, especially the poorest and most disadvantaged. Objectives are the goals that were made to work towards, for example, ending extreme poverty, fighting inequality and injustice, and addressing climate change.
How an Increase in Women in Parliament Promotes SDG 3 Using Gender Equality
Increasing access to essential,
Read MoreBusiness and Trade Terminology: Key Definitions
Key Business and Trade Terms
Company Structure and Roles
- Shareholder: Someone who owns shares in a company.
- Management: People who are in charge of a particular company or organization, instead of its employees.
- Workforce: The people who work in a particular factory or organization.
- President: The person in charge of a large company, bank, etc.
- Chief Executive Officer (CEO): The manager with the most authority in the normal, everyday management of a company. The job of the CEO is sometimes combined with